111 Magnolia SpgsFlorenceMS39073
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Florence at 111 Magnolia Spgs, Florence, MS, 39073 priced at $549,000 pairs $3,540/mo rent with $180/mo cash flow after a $2,687/mo payment. Total monthly income equals $3,540/mo, and annual cash flow comes to $2,166/yr on $180,621 invested. Return on cash invested is 21.26% in year one, and rental yield stands at 7.74% on a $549,000 basis. Equity gained on principal adds $3,543/yr, and 5% annual appreciation accumulates to $151,679 by year five. Five-year ROI measures 109.96% and total cumulative return in cash reaches $198,620. For financing, Ziffy Mortgage’s DSCR program evaluates $3,540/mo property income against a $2,687/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39073, Florence, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,962 (100%) |
| Owner Occupied HU | 7,088 (79.1%) |
| Renter Occupied HU | 1,219 (13.6%) |
| Vacant Housing Units | 655 ( 7.3%) |
| Median Home Value | $255,000 |
| Average Home Value | $266,199 |
Housing Distribution
Address Breakdown
Residential
8,102
Single Family
7,970
Multi-Family
132
Businesses
405
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Listed by: Chuck L McGee • McGee Realty Services
Mls Name: MLS United
Mls ID: #4091092
Disclaimer: Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC.